Crystalix Europe Signs Definitive Agreement for Turkey.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 26, 2004 Crystalix Group International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYXG) announces that its fully owned subsidiary, Crystalix Europe, yesterday signed a "Sale of Laser Unit System and Software License Agreement" (the "Definitive Agreement") with Consumer Systems Integration Inc. (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ) of Turkey. The Definitive Agreement provides for an initial purchase by CSI of two Laser Systems for Ankara and Istanbul, followed by a further four Laser Systems and a Production System within 12 months from the date of the Definitive Agreement. Delivery of the first system is due on or about March 20, 2004. The sale value of the equipment is US$1.15 Million plus an additional estimated US$350,000 in glass sales and license fees. "To be in this historical country is a fantastic achievement for Crystalix," stated Tamer Muftizade, Chief Financial Officer of Crystalix Europe. "Turkey, the crossroads between East and West, is a fast developing commercial market place with a population of 70 million people, and is also one of the most popular tourist destinations in the world. We believe our operations will be most successful through our association with a major local group like CSI." "We are thrilled to be working with Crystalix, the leader in this ever expanding market of laser technology," said Erdil Ergunes, Managing Director of CSI. "We are delighted to provide not only facial imaging to individuals in our designated centers, but also to manufacture pre-designed corporate pieces to Turkish corporations and institutions. We believe that Crystalix will be a tremendous success in this region." About Crystalix Group International Inc. Crystalix is the leading manufacturer, distributor and marketer of laser subsurface sub·sur·face adj. Of, relating to, or situated in an area beneath a surface, especially the surface of the earth or of a body of water. Adj. 1. engraved en·grave tr.v. en·graved, en·grav·ing, en·graves 1. To carve, cut, or etch into a material: engraved the champion's name on the trophy. 2. optical-quality glass products. Its principal product is a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. three-dimensional engraved crystal that features the facial image of one or more persons or other three-dimensional images. As of Sept. 30, 2003, Crystalix had 44 kiosks owned by its marketing partners in retail shopping malls, resorts, promenades, casinos, and theme parks where its crystals are engraved and sold. Its engraving engraving, in its broadest sense, the art of cutting lines in metal, wood, or other material either for decoration or for reproduction through printing. In its narrowest sense, it is an intaglio printing process in which the lines are cut in a metal plate with a process involves the use of a high-resolution digital camera, a laser image scanner, and a laser that is configured together by a standard desktop personal computer, using its proprietary software and a Windows operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. . The laser image scanner converts images from the digital camera, a customer's digital image, or a hard copy photograph into a three-dimensional or two-dimensional digitally formatted image that will be engraved into the center of the crystal by the laser. This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements can be identified by lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement. |
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